Quote from: Dump3er on December 21, 2023, 11:01:10 PM

Quote from: armanda90 on December 20, 2023, 05:37:47 AM

Quote from: Dump3er on December 20, 2023, 03:16:24 AM

Its mean CZ have polite attitude than SBF broken some law without make costumer of Binance user losses their fund and difference with SBF how many people loss their money in FTX exchange without get refund yet. I don't think about who are lucky between CZ or SBF because rule broken by CZ as indicate with money laundering his Binance US exchange operation, by paying $4.3B settlement to American regulators Binance US allow for operating and not give drastically impact for the user not worry their fund keep secure for depositing or withdrawing.

CZ leaves his position as Binance CEO and seems still be important part for Binance but working behind the scene because he is most important person for building Binance as top global exchange reputation.

This is really an intriguing question about this whole case and one thing I have been wondering about is how much money or wealth CZ kept as shares in the Binance empire in the form of tokens or coins. Or did he do it smartly and cashed out a lot over those years? I am quite sure that he is very rich anyway, but the numbers that were thrown around in the media ranged from a few billion USD to 60 billion USD or something like that, but if that is all on paper like it was in the case of SBF, it would mean that if CZ decides to liquidate a lot of his holdings, it would be selling pressure for BNB.

I have some difficulties understanding why you presume that CZ would not have wealth in places other than BNB, and it is quite likely that someone like CZ holds quite a bit of bitcoin..

I would imagine that calculations of CZ's wealth is connected to his ownership of Binance, and I would also imagine that if someone only recently got to be a billionaire, and maybe a few years ago he was not even a millionaire, then it might not make a whole lot of difference between having 1-2 billion versus having 60 Billion or more.. Sure there are differences, but in the whole scheme of things, someone who is newly in the filthy rich category might not have really gotten used to how to be filthy rich. So, I am having some difficulties understanding why it would be so dire to preserve that level of wealth - especially if even the value of the company is within an industry that is so volatile.

There are likely a lot of OG's in bitcoin who have seen a lot of fluctuation in their wealth, and you can even imagine scenarios of fairly well to do bitcoiners who may have accumulated anywhere between 100 and 1,000 BTC over the past 10-13 years or so, and maybe I am going to start using early 2012 as my starting place for making these kinds of analysis, since the BTC price and the 200-week moving average were both at $4 at that time, and it seems like a decent place to start bitcoin's price history, even though bitcoin's 2013 price performance did end up bringing in a lot more abilities for normies to access bitcoin when its price went from around $10 in the beginning to 2013 to $1,1163 in the end of 2013 and then ended up spending a lot of time in the mid-$200s in 2015, but if we imagine bitcoiners who were both able to accumulate and to hold their gbitcoin through these earlier times, they have already gone through quite a bit of volatility, and let's pick the middle of my earlier range of 100-1,000 bitcoin, and if someone had not really had a lot of wealth but was able to accumulate more than 500 bitcoin in those first 4 years into bitcoin between 2012 and 2015, then maybe he would have an average price per bitcoin of less than $400.. so that would be $200k invested, and so the wealth of such person holding 500 or more bitcoin would have gone up to around $10million (in late 2017) and then back down to around $2 million (in 2018 when BTC prices were around $3k-$4k) and then back up to more than $30 million a couple of times in 2021, and then back down to around $8 million in 2022, and then currently bouncing around $20 million, so whether we are talking $millions or $billions there are likely some already built in ways of dealing with such volatility in the BTC space, and sure maybe there could be some decent increases in the ways of spending the wealth and the ways of living, but the preservation of wealth in terms of dollars might not be as BIG of a deal as you (Dump3er) seem to be making it out to be... and there also can be a certain expectation that the value is not going down to zero, even if there might have been some (or perhaps inadequate) actions to greatly diversify out of various assets that are moving around a lot in price.

Quote from: arabspaceship123 on Today at 02:14:37 AM

Quote from: Dump3er on December 15, 2023, 03:35:49 AM

[edited out]

After he becomes a free man he'll be able to visit America it's got to be part of the deal he's made with govt lawyers. He'll be rich when he's put of prison. It's complicated because CZ's being sued by investors so if he settles the cases he'll worry less but it shouldn't affect his sentence. Yes he is smart guy he's got a good deal but judges have the sentence to pass.

Rich people are frequently being sued, and they have attorneys dealing with those matters. Maybe they settle and maybe not.. Frequently various kinds of lawsuits like that will end up getting dismissed, and yeah, if they end up being something that may end up going to court there is a pretty large incentive set to settle those kinds of matters, if they are starting to seem as if they are potentially going to be problematic in some kind of a meaningful way (which many times they are not and the mere fact that various civil lawsuits exist is not usually detrimental in itself).